Est. cap rate

3.4%

Assumed rent, all units

$8,520/mo

Units

3

Price per unit

$500,000

Est. annual NOI

$51,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,020 sqft

Lot size

6,006 sqft

Year built

1949

Stories

1

Garage spaces

1

Heating

Wall Furnace

Cooling

Ductless

Pool

None

View

Neighborhood

Status

Active

Days on market

2

MLS #

247995416

About this property

Best Value in West LA! Excellent Culver City Triplex in prime location near everything in West Los Angeles. Perfect for Owner Users. Newly Remodeled Front Two Bedroom Unit Newly Remodeled. Ideal for owner-users, large families that want separate units or long-term investment property in quickly gentrifying area. Good sized units with Vaulted ceilings, kitchens and family room all with first level entry. Nice private, fenced front yard for relaxing in the sun. Air Conditioning has been added to all three units. Updated Gas Line. New Roof. Close to 405 Freeway, Santa Monica, Abbott Kinney, Venice Boardwalk, Culver City Studios, the Beach and the rest of West Los Angeles. Current configuration includes Three Units: Two Large - Two Bedroom, one bathroom units; One - One Bedroom unit -Plenty of parking on-site for each tenant and guests as well as ample street parking. One unit occupied with long term tenant. Two Units to be delivered Vacant. Excellent opportunity to redevelop this property and convert detached garage into ADU. Major upside potential in rents. Surrounding properties have seen major updates as the neighborhood continues to modernize. Sale includes Approved Plans to enlarge the smaller 1 bedroom unit by 200 square feet - into a two bedroom unit. Drive by Only. Please do not disturb tenants or walk on premises. Buyer to do all their own due diligence and investigations. Broker is not responsible for any data inaccuracies.

Location

4232 Mclaughlin

Los Angeles, Los Angeles, CA, 90066